Guest Editorial
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The oil and gas industry can leverage advanced AI and generative AI to bridge knowledge gaps, enhance decision making, and improve safety. These tools will boost efficiency and productivity, leading to a smarter and more resilient industry.
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Oil remains an indispensable and irreplaceable part of the global energy mix. As convenient, efficient, and highly energy-dense sources, natural gas and oil are simply unmatched by any currently available alternatives.
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To ensure successful outcomes, it’s crucial to understand the battery itself, define objectives clearly, and analyze operational profiles thoroughly.
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Despite tens of thousands of potential candidates and the proven upsides, the unconventional industry has largely overlooked refracturing—possibly due to the way it’s discussed.
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The long, successful history of various metallurgies in EOR wells has been cited as sufficient to allow the same completions for CCS injection wells. The lack of actual data on the long-term performance of these alloys in EOR wells in combination with the more-stringent requirements for Class VI wells suggests otherwise.
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Former CTO of ConocoPhillips, Greg Leveille, makes the case for why more oil and gas professionals should take notice of the new-age geothermal space.
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Companies that can adapt, innovate, and stay ahead of the curve not only survive, but thrive. To achieve this, a fresh approach to innovation is required: one that harnesses the collective wisdom of customer advisory boards and prioritizes a strategy based on customer value.
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Data and AI will change our industry for the better. At the root of this change will be the empowerment of engineers to make better decisions.
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The oil and gas industry is embracing digital technology not just as a differentiator but as an enabler of innovation. The simple reality is that, if one doesn’t, they risk being out of the game.
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We must admit that the oil field is still in the early days of its digital journey. It’s time to give serious thought to the expectation/reality gap, the cultural differences between the way we’ve always done things and the way that digital is changing us, and the pain points that may trip us up unless we’re careful.
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